Niaga AWANI: Deal or Deadlock | The Sunway-IJM Saga - Video Dailymotion

AWANI

Is this the making of a national champion or a deal at risk of collapse? Sunway breaks its silence on the high-stakes IJM move. Valuation disputes, strategic intent, and what this means for Malaysia’s corporate landscape.

Transcript

00:00Music

00:07Dalam dunia corporate, setiap deal bukan sekadar angka.

00:10Ia mencerminkan hala tuju kuasa pasaran dan narrative masa depan.

00:15Cadangan pengambilan IGM oleh Sunwey Berhad mencetuskan persoalan besar.

00:19Adakah ini langkah strategik untuk melahirkan juara nasional

00:23atau satu pertaruhan berisiko dalam landscape ekonomi yang semakin mencabar

00:27With a offer of $3.15 for a sale,

00:30and a discussion about the value of the sale,

00:35it's not only a deal, but a deal in the right time.

00:38For us, we have a great strategy,

00:41and a big picture in the back.

00:44We are now with my studio,

00:48Dr. Anwar Taik, President Sunwey Berhad.

00:51Thank you, Dr.

00:52How are you?

00:53Well, thank you for having me.

00:56Thank you, Dr.

00:56Because we are ready to talk about the deal or no deal

01:01between IGM and Sunwey.

01:03We see Sunwey as a way to build a national championship.

01:08But beyond the scale, beyond the size,

01:12what are the advantages and weaknesses that IGM brought to Sunwey

01:18that you can see at this time?

01:20For us, first of all,

01:22our goal is to build a national championship.

01:28When we say national championship,

01:30we take inspiration from 1992,

01:36Thomas Badminton.

01:37At that time, we had Tansri Elias Umar,

01:42Dato' Pancikunalan,

01:44we had The Siddiq Brothers,

01:46we had Chia Sun Kid,

01:50and all of those players.

01:52We had several people,

01:54several people,

01:55several people,

01:58to become the winner of Piala Thomas 1992.

02:02So, for us,

02:04when we look at IGM,

02:06IGM is a Malaysian company,

02:08same with us.

02:36And when we look at both of us,

02:38especially when we look at both of us,

02:39especially on the construction side.

02:40They are mostly on the infrastructure.

02:44We are mostly in data center.

02:46And then afterwards,

02:48we do integrated development,

02:50hospitals and whatnot.

02:51They also do residential and electronics.

02:55So, if you combine the two,

02:57imagine the kind of industry that we can work in.

03:03And not just in Malaysia,

03:05we have to also think about

03:07ASEAN has 650 million people.

03:10Yes.

03:10And at a various degree of,

03:13various level of development.

03:15So, they'll be needing more infrastructure.

03:17They'll be needing power plants.

03:19They'll be needing the building of dams.

03:21They'll be needing townships to be developed.

03:24So, these are the things that,

03:26pada pandangan kami,

03:28the combination would actually be very beneficial

03:31to the shareholders of the Enlarged Sunway IGM

03:36as well as to Malaysia.

03:39So, if we look at the combination,

03:41it may have a very big benefit.

03:45But, we know that the combination

03:46of the combination is that

03:48maybe there is a risk to come together.

03:52When the two small groups are combined,

03:54people will often ask,

03:57if the company is capable

03:58and they will be more fixed

03:59if they can be more damaged.

04:02So, how does Sunway

04:04ask that the larger scale

04:06that is not to be tested?

04:08If the company is not to be tested,

04:08or if they were able to make decisions,

04:10or if they are not to be tested?

04:12That is a very important question.

04:15For us in Sunway,

04:17even today,

04:18we are actually managing Sunway through a very lean system.

04:26So, we have 13 divisions

04:30In the 13 divisions, every CEO, every division will have their own autonomy

04:37They have their own delivery that they have to do

04:42Whereas for me, the president of the organization

04:46Together with people in what we call executive committee

04:50And a chat by Tansi Jeffrey

04:54We look at integration

04:56So, we build, so basically, each business have to look after its own delivery

05:05And then, at times close by and opportunities arise

05:09There will be integration that we must insist

05:12So, katagalah, property dengan construction

05:15Construction dengan building material

05:17So, these are things that we do

05:20So, as an example

05:22We do health care

05:23Health care is a sanctuary

05:26Which is senior living

05:27And nearby, there is a hotel

05:29So, that if you know, sanat sedaga, siapa yang sakit

05:32They could melawat, can stay at the hotel

05:34So, we build that ecosystem

05:38So, that is the way we live

05:40And when we look at the combination

05:41Dengan IJM

05:43IJM ada lebih kurang

05:45Tiga atau empat division yang lebih kurang sama

05:48Dia ada property, kita ada property

05:51Dia ada, apa ni

05:53Construction, kita pun ada construction

05:57Kemudian, yang ada sedikit berlainan

06:00Ialah, dia ada port dan infrastructure

06:03Walhal kita pun ada infrastructure

06:05Kita ada dua infrastructure

06:06Dua, apa ni

06:08Highway di India

06:09Under some way construction

06:10Bila kita tengok gabungan kedua

06:14Sebenarnya, whilst there are areas that

06:18We are, the divisions that we have together

06:20The level of togetherness itu

06:23Tak ada, tak ada bertindak

06:25So, sebagai contohnya

06:27Kalau kita tengok

06:28Bahagian property lah

06:30Kami

06:33Kawasan kami ialah di Bandar Sanwi

06:36Iskandar Puteri di Johor

06:39Then, what they call Ipoh

06:42Near Tambun

06:43That area

06:45Kemudian, kita ada hub yang lain-lain lah

06:47RTS di Johor Baru

06:48Seremban Central

06:50Forest Heights di Negeri Sembilan

06:53Velocity di, what they call

06:57Di Lembah Kelang

06:57And then, we have

06:59Di Seberang Perai

07:01Kita ada near Sunway Carnival

07:02And some

07:03Di, what they call

07:05Di Penang

07:06And, kita

07:07Bila kita tengok

07:08Di mana

07:10What they call IJM

07:11Operasi IJM

07:13Mostly Penang

07:14The lights

07:15And then Rimbayu

07:16Over in Selangor

07:18And then, they also have

07:20Near the Pasir Gudang area

07:22In Johor

07:23And they also have Seremban Dua

07:25So, if you look at it

07:26There's a lot of

07:28Almost

07:30Complementary location

07:31So, kita tak rasa dia akan jadi

07:33Lebih kompleks

07:36This is the ability

07:38And the capacity

07:39And the readiness

07:40When both are combined together

07:42Saya akan mencakap juga

07:44Mengenai tawaran

07:45Datuk

07:46Iaitu

07:46RM3.15

07:47Sezaham

07:48Di mana kita lihat juga

07:49Penasihat Bebas

07:50Dan juga lembaga IJM sendiri

07:51Melihat ia terlalu rendah

07:53So, tentu kita ingin maham

07:54Bagaimanakah pandangan ini berbeza

07:56Adakah Sunway merasakan

07:57Pasaran

07:58Masih belum melihat

07:59The true value of this team

08:01Bagaimana

08:01So, saya kadang-kadang

08:04Yelah, kita

08:05Memang masa

08:08Kita menanti

08:10Masa dia punya

08:11Independent advisor

08:12Punya

08:13Result

08:13Walaupun

08:14Kita nak tengok

08:15Dia punya number lah

08:16Masa tu

08:17Kita memang

08:18Dah anticipate

08:18Dia akan kata

08:19Unfair

08:20And unreasonable

08:21It has to do

08:22Dengan

08:23The nawai tu

08:24Okay

08:24Our goals

08:26How

08:26Who

08:27What are the motivations

08:29Of each party

08:31In doing so

08:32When we look at

08:33The independent parties

08:34Independent advisor

08:36And

08:37Roschal

08:38Those are hired by IJM

08:40So, if you're on a defensive

08:42Your interest is to put

08:44The intrinsic value

08:45To be as high as you can

08:47Against the offer

08:49But

08:50Let's go and look at

08:51Apa

08:52Selain daripada

08:53Selain daripada

08:54The two parties

08:55We also have

08:5614 independent

08:59Investment houses

09:00Dia tak ada

09:01Siapa bayar pun

09:02Dia buat

09:02Dia punya

09:03Investment

09:03Sendiri

09:03Dia punya

09:04Opinion sendiri

09:05And on average

09:07Dia punya target price

09:08Target price

09:09Dia punya average

09:10Was 3

09:10I think

09:113 ringgit

09:12And 3 ringgit

09:13And 24 sen

09:14Something like that

09:15So, Walhal

09:17Yang Roschal

09:18Dengan

09:18M&A kata

09:20Between

09:204.5 sampai 6

09:22Okay

09:22Then kita tengok

09:24Apakah yang

09:25Actual

09:26So, so far

09:27In the past

09:2815 month

09:31Harga saham

09:33IJM

09:33Tak pernah pun

09:34Naik lebih

09:34Daripada

09:353 ringgit

09:37So, basically

09:38For us

09:39And bila

09:40Kita tengok

09:40The last

09:416 bulan

09:436 bulan

09:44Sebelum

09:45Sebelum offer

09:45Dia semua

09:46In the range

09:47Of 240

09:47So, now

09:49You start to say

09:50That's why

09:51For us

09:51We look at it

09:52We offer 3.15

09:53Because it is

09:54Already about

09:5420%

09:55More than

09:56Dia punya harga

09:57Pasaran

09:57Average

09:57So, that's why

09:59We think

10:00It is

10:00Value

10:01Accretive

10:02And then

10:03So, that's

10:04Why

10:04Pada saya

10:06Kita kena

10:07Tengok

10:08All of

10:09These

10:10Orang kata

10:10Opinion

10:11So, kita

10:13Tengok

10:13Opinion

10:14Dan

10:15Motif

10:16Bagi kami

10:17Kita bagi

10:19Pada

10:193 ringgit

10:2015 cent

10:21Sebenarnya

10:21Pada kami

10:22Ialah

10:22Satu

10:24Aras

10:25Yang

10:25Fair

10:26Yang

10:27Untuk

10:28Fair

10:28To

10:28Sunway

10:29Shareholders

10:30As well

10:31As to

10:31RGM

10:31Shareholders

10:32Bila

10:32Dia bertukar

10:34Kepada

10:37Sunway

10:38Share

10:38They would

10:39Actually

10:40Gain about

10:4020%

10:41Plus

10:41On the

10:42Transaction

10:43And then

10:44Afterwards

10:44Would

10:44Actually

10:45Enjoy

10:45Sunway

10:46Future

10:47Growth

10:47And

10:48Let me

10:49Say a

10:49Little

10:49Bit

10:49About

10:50Performance

10:51Sunway

10:51Versus

10:52HGM

10:52As well

10:53Kalau kita

10:54Tengok

10:54Tahun

10:55Lepas

10:56Dari

10:57Segi

10:57Margin

10:58Profit

10:59Before

10:59Tax

11:00Margin

11:00On

11:01All

11:01The

11:01Division

11:02I

11:02Think

11:02There's

11:03Only

11:03One

11:03Division

11:03About

11:04The

11:04Same

11:0417

11:0518

11:05Peratus

11:06But

11:07All

11:07The

11:07Other

11:07Division

11:08Yang

11:08Kita

11:09Ada

11:09Business

11:10Bersama

11:11Di

11:11Area

11:12Yang

11:12Sama

11:13Sunway

11:14Have

11:15Easily

11:165-6%

11:17Better

11:18Margin

11:19Than

11:19Them

11:19So

11:20This

11:20Over

11:21The

11:21Past

11:21Five

11:21Years

11:22Kalau

11:22Kita

11:22Equalize

11:23Katakanlah

11:24IGM

11:25Dapat

11:25Similar

11:25Margin

11:26As

11:26Sunway

11:27Itu

11:28Akan

11:29Ada

11:29Unjukkan

11:29300

11:30Juta

11:31Setahun

11:32Lebih

11:33Dalam

11:34Profit

11:35Before

11:35Tax

11:36This

11:36Is

11:36Keuntungan

11:37Sebelum

11:37Cukai

11:38And

11:39That

11:39Could

11:40Actually

11:40Become

11:40After

11:41Be

11:42Brought

11:43As

11:43Dividend

11:43Itu

11:45Untuk

11:46Masa

11:46Lima

11:46Tahun

11:46Kalau

11:47Kita

11:47Tengok

11:47Daripada

11:48Sepuluh

11:49Tahun

11:49Yang

11:50Yang

11:50Lalu

11:52Sunway

11:53Punya

11:54Return

11:55Ini

11:56Orang

11:56Kata

11:57Jumlah

11:58Pulangan

11:58Keseluruhan

11:59So

11:59This

12:00Is

12:00Shareholder

12:01Value

12:02Share

12:03Price

12:03And

12:03Dividend

12:04Sunway

12:05Has

12:05Actually

12:06Return

12:08387%

12:09Wow

12:10Whereas

12:11IGM

12:12Dalam

12:13Sama

12:13Have

12:14Return

12:15Minus

12:169%

12:16Okay

12:17So

12:18Kalau

12:18You

12:18Ada

12:18Seribu

12:19Ringgit

12:20Investment

12:20Tahun

12:212016

12:21Di

12:23Sunway

12:23That value

12:24Have

12:25Gone

12:25Up

12:25To

12:25About

12:264,870

12:28Ringgit

12:28Okay

12:29Whereas

12:30If

12:30You

12:30Put

12:32Your

12:32Money

12:32In

12:32IGM

12:33You

12:34Have

12:34Lost

12:3490

12:35Ringgit

12:36So

12:36Your

12:36Value

12:37Become

12:37910

12:37If

12:38You

12:39Letak

12:39Duit

12:39Dalam

12:41FD

12:42You

12:43Sudah

12:43Dapat

12:44$1,500

12:45So

12:47We

12:48Go

12:48Back to

12:48The

12:49Question

12:49I

12:50Know

12:52The

12:52Nawaitu

12:52On

12:53The

12:53IA

12:54And

12:54The

12:55What

12:56They

12:56Call

12:56And

12:57And

12:57Roshal

12:57On

12:58Defending

12:59Their

12:59Position

12:59But

13:00If

13:00I

13:01Were

13:01To

13:01Be

13:01Part

13:01Of

13:02The

13:02Management

13:02Of

13:02IGM

13:03It

13:04Is

13:04Also

13:04Showing

13:05To

13:05The

13:06World

13:06How

13:08One

13:08Thing

13:09Or

13:11How

13:12One

13:12Thing

13:12Is

13:12Our

13:13Performance

13:14Talking

13:15About

13:15Anticipating

13:16The

13:17Expectation

13:17The

13:17Opinion

13:18From

13:18This

13:18And

13:18You

13:19Just

13:19Share

13:19With

13:19The

13:19Comparison

13:20Between

13:20The

13:20Numbers

13:21And

13:21History

13:22History

13:23Numbers

13:23But

13:24People

13:25Are

13:25Anticipating

13:26The

13:26Risks

13:26Of

13:26It

13:26Mungkin

13:27Ada

13:27Yang

13:27Berpandangan

13:28Bahawa

13:28Selepas

13:29IGM

13:30Mungkin

13:30Akan

13:30Menanggu

13:30Risiko

13:31Masa

13:31Depan

13:32Sun

13:32Sunway

13:32Itu

13:32Sendiri

13:33Tapi

13:33Bagaimana

13:34Sunway

13:35Menanggung

13:36Ataupun

13:36Menangani

13:37Kebimbangan

13:37Ini

13:38Dato'

13:38So

13:39Kadang-kadang

13:40Kita nak

13:41Buat

13:41Unjuran

13:41Kedepan

13:42Kita tengok

13:43Prestasi

13:46Prestasi

13:48Sebelum

13:49Menilai

13:49Dia macam

13:50Kita nak

13:52Masuk

13:53Study

13:54Medical

13:54Mak saya

13:56Kata

13:56You

13:57Pandai

13:58Biology

13:58You

14:00Kena

14:00Selalu

14:01Dapat

14:01A

14:02Ambil

14:02Medical

14:03Tapi

14:04Saya

14:04Tahu

14:04Saya

14:05Malas

14:05Study

14:05Saya

14:07Lebih

14:07Suka

14:07Practical

14:08So

14:087-8

14:08Tahun

14:09Study

14:09It's not

14:09Something

14:10That I

14:10Like

14:10So

14:11Bila

14:12Interview

14:13Dengan

14:14Mara

14:14So

14:16The

14:19Offer

14:20Yang

14:20Bagi

14:20Buat

14:20Engineering

14:21Sebab

14:22Apa

14:22Dia

14:22Tengok

14:22Memang

14:23Saya

14:23Punya

14:24Curriculum

14:25Apa

14:25Semua

14:26Itu

14:27Bukan

14:28Jenis

14:28Orang

14:29Yang

14:29Boleh

14:29Dari

14:29Doktor

14:32Adakah

14:32Keputusan

14:34Saya

14:34Untuk

14:34Jadi

14:34Engineer

14:35Itu

14:35Satu

14:35Risiko

14:36Ya

14:37It

14:37Is

14:37But

14:38Masa

14:39Itu

14:40Saya

14:40Memang

14:40Berazam

14:41Nak

14:41Jadi

14:42Engineer

14:43So

14:43Kita

14:44Berusaha

14:45Jadi

14:46Sama

14:46Juga

14:47RGM

14:47Dengan

14:48Sunway

14:48Bila

14:49Bila

14:50Kita

14:50Kata

14:503

14:50Ringgit

14:5115

14:51Kita

14:52Bagi

14:5210%

14:54In cash

14:54In

14:5590%

14:57In

14:57Sunway

14:58Shares

14:58Kita

14:59Punya

14:59Niat

15:00Itu

15:00Supaya

15:01Semua

15:02Yang

15:03Semua

15:04Shareholder

15:05IJM

15:05Akan

15:06Berpindah

15:07Berhijrah

15:07Kepada

15:08Sunway

15:08Kita

15:09Tak

15:09Nak

15:09Dikeluar

15:09Sebab

15:11Kita

15:11Berterima

15:12Kasih

15:13Bukan

15:13Sama

15:13Seperti

15:14EPF

15:14Diorang

15:15Also

15:15Shareholder

15:16To

15:16Sunway

15:17Sekarang

15:18So

15:18They

15:18Must

15:19Have

15:19Gained

15:20The

15:21387%

15:22That

15:23We

15:23Have

15:23Delivered

15:24Over

15:24The

15:24Past

15:2410

15:24Years

15:24And

15:25We

15:25Want

15:25To

15:25Continue

15:26With

15:26It

15:27People

15:27Keep

15:28Saying

15:28There's

15:28A

15:28Risk

15:29And

15:29What

15:29Not

15:29But

15:30Would

15:31You

15:31Take

15:31A

15:32Risk

15:32With

15:32Somebody

15:33Who

15:33Has

15:34Performing

15:34Very

15:35Well

15:35Versus

15:36The

15:36One

15:37Who

15:37Has

15:37Not

15:37Performing

15:38For

15:38You

15:40And

15:40When

15:41You

15:41Look

15:41At

15:41All

15:42Of

15:42This

15:42Raya

15:42The

15:43Nice

15:43Part

15:43Raya

15:44Balik

15:44Kita

15:47Jumpa Balik

15:48Dengan

15:48Sanat

15:49Sedara

15:49Saya

15:51Threw up

15:52In

15:52Rengit

15:52Batu

15:53Pahad

15:53Keluarga

15:54Very

15:55Poor

15:55Very

15:56Very

15:56Poor

15:56Bapak

15:57Saya

15:57Cikgu

15:58Adik

15:58Ramai

15:59So

16:00Saya

16:02Sekarang

16:02Dah

16:02Jadi

16:03Wan

16:03Tua

16:03Ramailah

16:05Cousin

16:06Anak

16:06Sedara

16:07Semua

16:07Kebanyakannya

16:08Dia

16:08Jadi guru

16:10Kerja

16:11Garment

16:11Kerja

16:12Sendiri

16:12Simpan

16:13Duit

16:13Dalam

16:14Tabung

16:14Haji

16:14ASB

16:15Kan

16:16And

16:17Pada

16:17Dia

16:18Dia

16:18Tak

16:18Pandai

16:19Oh

16:19Nak

16:20Pergi

16:20Jadi

16:20You know

16:21Discussion

16:22Yang

16:22Kita

16:22Ada

16:23Kebanyakannya

16:23Harga

16:25Apa

16:25Harga

16:26Baja

16:26Naik

16:27Ketidak

16:28Ada

16:28Bonus

16:29Ketidak

16:30Kan

16:30Jadi

16:31Dia orang

16:32Bergantung

16:33Simpanan

16:33Dia orang

16:34Bergantung

16:34Kepada

16:35Tabung

16:35Haji

16:35ASB

16:36Apa

16:37Ni

16:38Pencin

16:38Gammon

16:39Kuap

16:39Kan

16:39EPF

16:40Kalau

16:41Dikerja

16:41Dengan

16:41Swasta

16:42Jadi

16:43Dia

16:43Tak

16:44Ada

16:44Pun

16:44Dalam

16:47Dalam

16:47Pemikiran

16:48Dia orang

16:48Itu

16:48IGM

16:51Minus

16:519%

16:53387%

16:54Improvement

16:56In

16:56Sunway

16:57Pada dia

16:57Dia tak

16:58Faham

16:58Pada dia

16:59Dia orang akan

17:00Letakkan

17:00Dia orang punya

17:02Simpanan

17:02Dan

17:03Duit itu

17:04Dia niatkan

17:04Kepada

17:05Tabung

17:07Haji

17:07PNB

17:08EPF

17:09And

17:09Coop

17:10Supaya

17:11Memberikan

17:12Pulangan

17:13Terbesar

17:13Pada dia

17:13Untuk

17:14Masa

17:15Depan

17:15Dia

17:15Dia orang

17:16Nak pergi

17:16Haji

17:17Dia orang

17:17Nak pergi

17:18Untuk

17:19Anak dia

17:20Pergi

17:20Universiti

17:20Jadi pada

17:21Saya

17:22Kita

17:23Kena

17:24Dalam

17:25Offer

17:25Ini

17:26Kita

17:26Sebenarnya

17:27Telah

17:28Memberi

17:28Offer

17:29Kepada

17:30Shareholders

17:31Of

17:31IGM

17:32Supaya

17:33Memilih

17:37Company

17:37Yang

17:38Telah

17:39Memberi

17:40What they call

17:41Keuntungan

17:42Yang

17:42Lebih

17:42Besar

17:42Dalam

17:43Masa

17:43Yang

17:44Lebih

17:44Pajak

17:44Dalam

17:45Proven

17:45To have

17:46Done it

17:46Over

17:47The

17:47Long

17:47Period

17:48So

17:49That

17:49They

17:50Will

17:50Actually

17:50Get

17:50Better

17:50Returns

17:51For

17:51Them

17:52To

17:52Actually

17:53Give

17:53It

17:53Back

17:53To

17:54Unit

17:55Holder

17:56Pensioner

17:57Itulah

17:58I

17:59Like

17:59What you

17:59Mention

17:59Also

18:00It's

18:01Like

18:01Are you

18:02Ready

18:02To

18:02Take

18:02Risk

18:03On

18:04Dan

18:06Sekiranya

18:07Kita

18:07Mendapat

18:07Deal

18:08InsyaAllah

18:09Dato'

18:10Melihat

18:11Kepada

18:1124

18:12Bulan

18:13Yang

18:13Pertama

18:13Apa

18:14Antara

18:14Sinergia

18:14Yang

18:15Paling

18:15Awal

18:15Yang

18:16Sang

18:16We

18:16Jangka

18:16Kita

18:17Nampak

18:18Dahulu

18:18So

18:18There

18:19Are

18:20Few

18:20Things

18:20That

18:20We

18:20Can

18:20Look

18:21At

18:21One

18:21Is

18:22That

18:22We

18:23Can

18:23Look

18:23At

18:24First

18:25We

18:25Can

18:25Look

18:26At

18:27Where

18:27We

18:28Are

18:28Working

18:28Together

18:29Dalam

18:29Construction

18:31We

18:32Can

18:32Do

18:32Joint

18:33Procurement

18:34To

18:34Reduce

18:35Cost

18:35We

18:36Can

18:36Look

18:36At

18:36Methodology

18:38I

18:38Mean

18:39If

18:39You

18:39Look

18:39At

18:39It

18:41Profit

18:41Before

18:41Tax

18:42Margin

18:42Of

18:42Our

18:42Construction

18:43Group

18:43Is

18:4312%

18:44The

18:45IGM

18:46Profit

18:46Before

18:46Tax

18:47Margin

18:47In

18:482025

18:48For

18:49Their

18:49Construction

18:50Group

18:50Is

18:504%

18:51So

18:52Imagine

18:53If

18:53We

18:53Can

18:54Move

18:54Up

18:543-4%

18:56On

18:56That

18:57Side

18:57How

18:57Much

18:57That

18:57Would

18:58Be

18:58Gaining

18:58For

18:59The

18:59Shareholders

19:00Kemudian

19:01Kita

19:01Tengok

19:02Juga

19:02Dekat

19:03Property

19:05Kita

19:06Di

19:07Sunway

19:08Kita

19:08Ada

19:09Seremban

19:10Central

19:10TOD

19:13Seremban

19:14Train

19:15Station

19:16Forest

19:17Hight

19:17Acquisition

19:18MCL

19:19And

19:22Seremban

19:232

19:23We

19:24Can

19:24Look

19:25At

19:25Integrated

19:27Development

19:27What

19:28Would

19:28We

19:28Bring

19:28Into

19:29That

19:29Area

19:29Sama

19:30Juga

19:30Kalau

19:31Kita

19:31Tengok

19:31Di

19:32Pinang

19:33Island

19:33Dia

19:34Ada

19:34Light

19:34Kita

19:35Ada

19:35Payah

19:36Terubung

19:38We

19:38Have

19:39Plan

19:39To

19:39Put

19:39Hospital

19:40In

19:40Pinang

19:40Island

19:42So

19:43We

19:43Can

19:43Review

19:43All

19:44Of

19:44Those

19:44Little

19:45Things

19:46We

19:46Can

19:46Do

19:46Within

19:4712

19:4718

19:48And

19:4924

19:49Month

19:49So

19:50That's

19:50Business

19:51Side

19:51But

19:52What

19:52Is

19:52More

19:52Important

19:53We

19:53Want

19:53To

19:53Make

19:54Sure

19:54That

19:54All

19:55Of

19:55Us

19:56After

19:57The

19:57Merger

19:58Will

19:58Be

19:59Coming

19:59Through

19:59What

20:00I

20:00Call

20:00A

20:00Similar

20:01Culture

20:01Because

20:02The

20:02Culture

20:03Drive

20:03Process

20:04Drive

20:05Vision

20:06Drive

20:07Strategy

20:08And

20:09Drive

20:09Behaviour

20:09So

20:10We

20:11Will

20:11Actually

20:11Have

20:12Once

20:12We

20:12Are

20:12In

20:13We

20:14Will

20:14Run

20:14IJM

20:15Maybe

20:15In

20:16What

20:16They

20:17Call

20:17As

20:18Single

20:18Entity

20:18For

20:19A

20:19While

20:199

20:19To

20:1912

20:19Month

20:20Kita

20:20Don't

20:20Want

20:20Kacau

20:22Operasi

20:22Maybe

20:23A

20:23Little bit

20:23Changes

20:23And

20:24There

20:24Run

20:25It

20:25Do

20:26The

20:26Back

20:26End

20:26We

20:27Will

20:29Simplify

20:29The

20:29Back

20:29End

20:29Process

20:30The

20:30Way

20:31We

20:31Pay

20:31Vendors

20:31And

20:32What

20:32Not

20:32So

20:32We

20:32Do

20:32That

20:33That

20:349

20:34To

20:3512

20:35Month

20:35We

20:35Also

20:36Will

20:36Set

20:36Up

20:36An

20:36Integration

20:38Team

20:39Integration

20:39Committee

20:40Headed

20:40By

20:41Me

20:41We

20:41Look

20:42At

20:42How

20:42Could

20:43We

20:43Look

20:43At

20:43The

20:44Various

20:45Division

20:45How

20:46Do

20:46Simplify

20:47Then

20:47After

20:48Long

20:48Term

20:49We

20:49Do

20:49Transform

20:49Cuma

20:49Masih

20:50Isat

20:50Okay

20:52Dato'

20:53Mungkin

20:53Kita

20:53Lihat

20:54This

20:55Deal

20:55Is not

20:55Only

20:55Creating

20:56Is not

20:56Only

20:58Having

20:58A value

20:59For

20:59Both

20:59Of

20:59The

20:59Companies

21:00But

21:00It

21:00Is also

21:01Creating

21:01A

21:01Future

21:02Value

21:02Dalam

21:03Mana-mana

21:03Pegabungan

21:03Besar

21:04Sudah

21:04Tentu

21:04Kebiasaanya

21:05Akan

21:05Pertimbawa

21:06Persoalan

21:07Adakah

21:08Berlakunya

21:08Rasionalisasi

21:09Asset

21:10Ataupun

21:10Pelupusan

21:11Unit

21:11Tapi

21:12Bagaimana

21:12Dengan

21:13Pertimbangan

21:13Ataupun

21:13Fokus

21:14Sunway

21:14Ketika

21:15Ini

21:16Sunway

21:16I mean

21:17For us

21:18Whatever

21:19Asset

21:19That

21:20They

21:20Have

21:20We

21:21Will

21:21Also

21:21Bring

21:22In

21:22We

21:23Will

21:23Review

21:23First

21:24Kita

21:25Kena

21:25Tengok

21:26The

21:27Quality

21:27Asset

21:27Because

21:27Dari

21:28Pandangan

21:28Jauh

21:29Kita

21:31Buat

21:32BTO

21:32Ini

21:33Bukan

21:34Satu

21:35Merja

21:35Yang

21:36Kita

21:36Boleh

21:36Tengok

21:36What's

21:37In

21:37Their

21:37Book

21:38Info

21:39It

21:39Always

21:39From

21:41What

21:41Everybody

21:41Knows

21:42Public

21:43Source

21:45We

21:46Will

21:46Take

21:46Whatever

21:47That

21:47There

21:47Is

21:47We

21:47Will

21:48Review

21:48It

21:48We

21:49Look

21:49At

21:49The

21:49Integration

21:50That

21:50We

21:50Can

21:51Bring

21:51And

21:52Then

21:52What

21:53How

21:53We

21:53Decide

21:54In

21:54The

21:54Next

21:54Couple

21:54Of

21:55Years

21:56That

21:56Will

21:56Be

21:57Something

21:57That

21:57We

21:58Decide

21:58When

21:59The

21:59Time

21:59Comes

21:59Okay

22:00Dato'

22:01Maybe

22:02My

22:02Last

22:02Question

22:03And

22:04We

22:04Take

22:05Look

22:05Dalam

22:05Pesaran

22:06Hari

22:06Ramai

22:06Sebenarnya

22:07Pelabur

22:07Melihat

22:07Kepada

22:08Yaitu

22:09Syarikat

22:10Yang

22:10Mempunyai

22:10Fokus

22:14Sunway

22:14Hari

22:14Ini

22:15Mengapa

22:15Ia

22:15Kekal

22:16Sebagai

22:16Conglomerate

22:17Sedangkan

22:18Pelabur

22:18Cenderung

22:19Kepada

22:19Fokus

22:20Fokus

22:20Ataupun

22:21Syarikat

22:21Yang

22:21Fokus

22:21Tunggal

22:22Ini

22:22So

22:23Because

22:23For us

22:24Our

22:25Conglomerate

22:26Storyline

22:26Has

22:27Actually

22:28Been

22:28Working

22:28We

22:29No

22:29Longer

22:30Have

22:30Our

22:30Conglomerate

22:31Diskaun

22:31And

22:32Reason

22:33Being

22:33Is

22:33That

22:33We

22:33Have

22:34A

22:35Vision

22:35We

22:36Have

22:36A

22:37Culture

22:37And

22:38That

22:38Culture

22:38Is

22:38Culture

22:39Of

22:39Excellence

22:39That

22:40Is

22:40Operational

22:41Excellence

22:42Punya

22:42Culture

22:43We

22:43Maintain

22:44Our

22:46Vertical

22:47Layer

22:47To

22:47Very

22:48Very

22:49Flat

22:49So

22:50Memanglah

22:51Kalau

22:51Saya

22:52Sebelum

22:52Saya

22:52Di

22:53Sapura

22:53Sebelum

22:54Itu

22:54Saya

22:54Di

22:54Petronas

22:55Sebelum

22:55Itu

22:55Saya

22:55Di

22:55Shell

22:57Kadang-kadang

22:58Kita

22:58Terlampau

22:59Taksub

22:59Dengar

23:00Management

23:01Consultant

23:02Kata

23:02Your

23:03Direct

23:03Report

23:04Tak

23:04Boleh

23:04Lebih

23:05Daripada

23:0512

23:06Faham

23:07So

23:08Lepas

23:08Itu

23:08You

23:09Kena

23:09Buat

23:09Layer

23:09When

23:10You

23:11Do

23:11Things

23:11Like

23:11That

23:12You

23:12Create

23:15Layering

23:16And

23:16You

23:16Do

23:17Create

23:19Organizational

23:19Lethargy

23:21But

23:22For

23:22Us

23:22I

23:23Have

23:2313

23:23Direct

23:24Reports

23:24Each

23:25One

23:25Of

23:25Them

23:25Run

23:26Different

23:26Business

23:28And

23:28We

23:29Review

23:29It

23:30On

23:31A

23:31Weekly

23:32Basis

23:32In

23:32Different

23:34Division

23:34And

23:35Regularly

23:36Once

23:37A

23:37Month

23:37I

23:37Have

23:38All

23:38Of

23:38Those

23:38Discussion

23:38And

23:39We

23:39Discuss

23:39Operational

23:41Excellence

23:42And

23:43Kalau

23:44Kita

23:44We

23:45Are

23:46Not

23:47Doing

23:47What

23:48We

23:48Say

23:49We

23:49Only

23:49Focus

23:49On

23:49Strategy

23:50And

23:51Then

23:51After

23:51Very

23:51Poor

23:52Execution

23:52We

23:53Actually

23:53Work

23:54On

23:54Operational

23:55Excellence

23:55I

23:56Would

23:56Actually

23:56Go

23:56And

23:57Discuss

23:58Berapa

23:59Banyak

23:59Bitumen

24:00At

24:01What

24:01Temperature

24:02Need

24:03To

24:03Be

24:03Mixed

24:04With

24:04Batu

24:05Untuk

24:06Buat

24:06Aspalt

24:06Hantar

24:07Ke

24:07Certain

24:08Area

24:09And

24:10What

24:10Be

24:10The

24:10Average

24:12What

24:12You

24:13Call

24:15The

24:16Average

24:17Cost

24:18When

24:19I

24:19Was

24:19In

24:19Petronas

24:20I

24:20Didn't

24:20Have

24:20To

24:20Go

24:21Through

24:21This

24:21Kind

24:21Of

24:21Detail

24:22But

24:22This

24:23Is

24:23The

24:23Culture

24:23Of

24:23The

24:23Company

24:24Which

24:24I

24:24Absolutely

24:26Enjoy

24:26It

24:27And

24:28I

24:28Also

24:28Absolutely

24:29Believe

24:29This

24:30Is

24:30Actually

24:30The

24:30Story

24:31The

24:32Method

24:33That

24:33Would

24:33Actually

24:33Bring

24:34Companies

24:34Like

24:34Sun

24:35We

24:35Forward

24:35Even

24:36If

24:36We

24:37Are

24:37Growing

24:37At

24:38The

24:38That

24:38We

24:38Growing

24:38I

24:39Mean

24:40As

24:40An

24:40Example

24:41Bagu

24:41Ni

24:42I

24:42Think

24:42Jensen

24:43Huang

24:44Jensen

24:45Huang

24:45Punya

24:46Darah

24:46Report

24:46Is

24:4660

24:47Ke

24:4730

24:47Lebih

24:48Wah

24:49Okay

24:49So

24:50Dia

24:51At

24:51Least

24:52I

24:52Pun

24:53Baca

24:56Macam

24:56Tu

24:56Je

24:57Kan

24:57So

24:57Tak

24:57Teringat

24:57Berapa

24:58Nombor

24:58Thank

24:58You

24:59For

24:59Sharing

24:59Us

24:59With

24:59This

25:00Dato

25:00Because

25:00We

25:00Know

25:00That

25:00This

25:01Is

25:01It's not

25:01Only

25:01The

25:02Risk

25:03To

25:03Sustain

25:03But

25:04It's

25:04Also

25:04To

25:04Grow

25:04Dan

25:05Dalam

25:05Dunia

25:05Perniagaan

25:06Bukan

25:06Mudah

25:07Sekala

25:07Saja

25:07Size

25:08Tidak

25:08Mencukupi

25:08Kita

25:09Perlu

25:09Disiplin

25:10Dalam

25:10Perlaksanaan

25:11Iaitu

25:12Perancangan

25:13Yang

25:13Lebih

25:13Jelas

25:13Strategi

25:14Dan

25:14Bagaimana

25:14Untuk

25:15Kita

25:15Mereka

25:15Equibability

25:16Ataupun

25:16Kupaya

25:16Untuk

25:17Mencipta

25:17Nilai

25:18Jangka

25:18Panjang

25:18Jelas

25:19Kita

25:20Lihat

25:20Urus

25:20Niaga

25:20Ini

25:20Mungkin

25:21Menjadi

25:21Titik

25:21Perubahan

25:22Bukan

25:22Saja

25:22Untuk

25:23IGM

25:23Atau

25:23Sunway

25:24Tapi

25:24Ia

25:25Menjadi

25:25Satu

25:25Benchmark

25:26Baru

25:26Ataupun

25:26Penanda

25:27Aras

25:27Untuk

25:27Syarikat

25:28Tempatan

25:29Berani

25:29Membentuk

25:31Juara

25:31Nasional

25:32Dalam

25:32Pesayan

25:33Global

25:33Dan

25:34Akhir sekali

25:34Kita

25:34Tahu

25:35Deal

25:35Or

25:35No

25:35Deal

25:36Pasaran

25:37Akan

25:37Menjadi

25:37Hakim

25:37Terakhir

25:38Sekali lagi

25:38Saya

25:51Astro

25:51Jangan

25:52Kembali

25:53Dan

25:53Gawah

25:53Ini

25:53Akan

25:53Beri

25:54Rehat

25:54Seketika

25:54Dan

25:54Kembali

25:55Selepas

25:55Ini

Niaga AWANI: Deal or Deadlock | The Sunway-IJM Saga

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